[Answered] The business cycle progresses from an expansion to a peak to a recession and then to a trough. ...

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berenicecastro

Hero Member
Posts: 581

on: Jun 29, 2018

The business cycle progresses from an expansion to a peak to a recession and then to a trough.

Indicate whether the statement is true or false

Question 2

A minimum wage is a government-imposed price ________ that is designed to be ________ the equilibrium wage rate.

A) ceiling; above
B) ceiling; below
C) floor; above
D) floor; below

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akemokai

Sr. Member
Posts: 347

Reply #1 on: Jun 29, 2018

Answer to Question 1

TRUE

Answer to Question 2

C

berenicecastro

Member
Posts: 581

Reply 2 on: Jun 29, 2018

Wow, this really help

Dominic

Member
Posts: 328

Reply 3 on: Yesterday

TYSM

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